Common use of Stop Trade Clause in Contracts

Stop Trade. A Securities and Exchange Commission (the “SEC”) stop trade order or Principal Market trading suspension of the Equity Securities shall be in effect for five (5) consecutive days or five (5) days during a period of ten (10) consecutive days, excluding in all cases a suspension of all trading on a Principal Market, provided that the Borrower shall not have been able to cure such trading suspension within thirty (30) days of the notice thereof or list the stock on another Principal Market within sixty (60) days of such notice. The “Principal Market” for the stock shall include the OTC Bulletin Board, NASDAQ Capital Market, NASDAQ National Market System, American Stock Exchange, or New York Stock Exchange (whichever of the foregoing is at the time the principal trading exchange or market for the Equity Securities).

Appears in 2 contracts

Samples: Secured Term Note (SouthPeak Interactive CORP), Secured Term Note (SouthPeak Interactive CORP)

AutoNDA by SimpleDocs

Stop Trade. A Securities and Exchange Commission (the “SEC”) stop trade order or Principal Market trading suspension of the Equity Securities Common Stock shall be in effect for five (5) consecutive days or five (5) days during a period of ten (10) consecutive days, excluding in all cases a suspension of all trading on a Principal Market, provided that the Borrower shall not have been able to cure such trading suspension within thirty (30) days of the notice thereof or list the stock Common Stock on another Principal Market within sixty (60) days of such notice. The “Principal Market” for the stock Common Stock shall include the Pink Sheets, the OTC Bulletin Bulleting Board, NASDAQ Capital Market, NASDAQ National Market System, American Stock Exchange, or New York Stock Exchange (whichever of the foregoing is at the time the principal trading exchange or market for the Equity SecuritiesCommon Stock).

Appears in 2 contracts

Samples: Secured Term Note (EMTA Holdings, Inc.), Secured Term Note (EMTA Holdings, Inc.)

Stop Trade. A Securities and Exchange Commission (the “SEC”) An SEC stop trade order or Principal Market trading suspension of the Equity Securities common stock shall be in effect for five (5) consecutive trading days or five (5) trading days during a period of ten (10) consecutive trading days, excluding in all cases a suspension of all trading on a Principal Market, provided that the Borrower shall not have been able to cure such trading suspension within thirty (30) days of the notice thereof or list the common stock on another Principal Market within sixty (60) days of such notice. The “Principal Market” for the common stock shall include the Over the Counter Bulletin Board (“OTCBB”), Pink OTC Bulletin BoardMarkets, NASDAQ Capital Market, NASDAQ National Market System, American Stock Exchangethe NYSE or NYSE Amex, or New York Stock Exchange the NASDAQ, (whichever of the foregoing is at the time the principal trading exchange or market for the Equity Securitiescommon stock, or any securities exchange or other securities market on which the common stock is then listed or traded).

Appears in 1 contract

Samples: Stock Purchase Agreement (Catalyst Ventures Inc)

AutoNDA by SimpleDocs

Stop Trade. A Securities and Exchange Commission (the “SEC”) stop trade order or Principal Market trading suspension of the Equity Securities Common Stock shall be in effect for five (5) ten consecutive days or five (5) ten days during a period of ten (10) fifteen consecutive days, excluding in all cases a suspension of all trading on a Principal Market, provided that the Borrower shall not have been able to cure such trading suspension within thirty (30) days of the notice thereof or list the stock Common Stock on another Principal Market within sixty (60) days of such notice. The “Principal Market” for the stock Common Stock shall include the Pink Sheets, the OTC Bulletin Board, NASDAQ Capital Market, NASDAQ National Market System, American Stock Exchange, or New York Stock Exchange (whichever of the foregoing is at the time the principal trading exchange or market for the Equity SecuritiesCommon Stock).

Appears in 1 contract

Samples: Secured Term Note (Host America Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!